As expected, Green Bay dominated Oakland throughout most of Super Bowl II. The Raiders could only score two touchdown passes from quarterback Daryle Lamonica. Meanwhile, Packers kicker Don Chandler made four field goals, including three in the first half, while defensive back Herb Adderley had a 60-yard interception return for a touchdown. Green Bay quarterback Bart Starr was named the MVP for the second time for his 13 of 24 passes for 202 yards and one touchdown.

The Packers advanced to their second straight AFL-NFL World Championship Game, but had a much more difficult time than in the previous season. Both of their starting running backs from the previous year, future Pro Football Hall of FamersPaul Hornung and Jim Taylor, had left the team. Their replacements, Elijah Pitts and Jim Grabowski, were both injured early in the season, forcing Green Bay coach Vince Lombardi to use veteran reserve running back Donny Anderson and rookie Travis Williams. Fullbacks Chuck Mercein and Ben Wilson, who were signed as free agents after being discarded by many other teams, were also used to help compensate for the loss of Hornung and Taylor. Meanwhile, the team's 33-year-old veteran quarterback Bart Starr had missed 4 games during the season with injuries, and finished the season with nearly twice as many interceptions (17) as touchdown passes (9).

The team's deep threat was provided by veteran receivers Carroll Dale, who recorded 35 receptions for 738 yards (a 21.1 average), and 5 touchdowns; and Pro BowlerBoyd Dowler, who had 54 catches for 846 yards and 4 touchdowns. The Packers still had the superb blocking of linemen Jerry Kramer, Fred Thurston and Forrest Gregg. On special teams, Williams returned 18 kickoffs for 749 yards and an NFL record 4 touchdowns, giving him a whopping 41.1 yards per return average. But overall the team ranked just 9th out of 16 NFL teams in scoring with 332 points.

The Packers defense, however, allowed only 209 points, the 3rd best in the NFL. Even this figure was misleading, since Green Bay had yielded only 131 points in the first 11 games (when they clinched their division), the lowest total in professional football. Three members of Green Bay's secondary, the strongest aspect of their defense, were named to the Pro Bowl: defensive backs Willie Wood, Herb Adderley, and Bob Jeter. The Packers also had a superb defensive line led by Henry Jordan and Willie Davis. Behind them, the Packers linebacking core was led by Ray Nitschke.

The Packers won the NFL's Central Division with a 9–4–1 regular season record, clinching the division in the 11th week of the season. During the last three weeks, the Packers gave up an uncharacteristic total of 78 points, after having yielded only about a dozen points per game in their first 11 contests. In the playoffs, Green Bay returned to its dominant form, blowing away their first playoff opponent, the Los Angeles Rams, in the Western Conference Championship Game, 28–7. Green Bay would then come from behind to defeat the Dallas Cowboys in the NFL championship game for the second year in a row, in one of the most famous games in NFL lore: The Ice Bowl.

The Raiders, led by head coach John Rauch, had stormed to the top of the AFL with a 13–1 regular season record (their only defeat was an October 7 loss to the New York Jets, 27–14), and went on to crush the Houston Oilers, 40–7, in the AFL Championship game. They had led all AFL and NFL teams in scoring with 468 points. And starting quarterback Daryle Lamonica had thrown for 3,228 yards and an AFL-best 30 touchdown passes.

The offensive line was anchored by center Jim Otto and guard Gene Upshaw, along with Pro Bowlers Harry Schuh and Wayne Hawkins. Wide receiver Fred Biletnikoff led the team with 40 receptions for 876 yards, an average of 21.3 yards per catch. On the other side of the field, tight end Billy Cannon caught 32 passes for 629 yards and scored 10 touchdowns. In the backfield, the Raiders had three running backs, Clem Daniels, Hewritt Dixon, and Pete Banaszak, who carried the ball equally and combined for 1,510 yards and 10 touchdowns. On special teams, defensive back Rodger Bird led the AFL with 612 punt return yards and added another 148 yards returning kickoffs.

The main strength of the Raiders was their defense, nicknamed "The 11 Angry Men". The defensive line was anchored by Pro Bowlers Tom Keating and Ben Davidson. Davidson was an extremely effective pass rusher who had demonstrated his aggressiveness in a regular season game against the New York Jets by breaking the jaw of Jets quarterback Joe Namath while sacking him. Behind them, Pro Bowl linebacker Dan Conners excelled at blitzing and pass coverage, recording 3 interceptions. The Raiders also had two Pro Bowl defensive backs: Willie Brown, who led the team with 7 interceptions, and Kent McCloughan, who had 2 interceptions. Safety Warren Powers recorded 6 interceptions, returning them for 154 yards and 2 touchdowns.

Despite Oakland's accomplishments, and expert consensus that this was the weakest of all the Packer NFL championship teams, Green Bay was a 14-point favorite to win the Super Bowl. Like the previous year, most fans and sports writers believed that the top NFL teams were superior to the best AFL teams.

Thus, most of the drama and discussions surrounding the game focused not on which team would win, but on the rumors that Lombardi might retire from coaching after the game. The game would also prove to be the final one for Packers wide receiverMax McGee, one of the heroes of Super Bowl I, and place kicker Don Chandler.

Unlike the previous year's game, Super Bowl II was televised live on only one network, which has been the case for all subsequent Super Bowl games. While the Orange Bowl was sold out for the game, the NFL's unconditional blackout rules prevented the live telecast from being shown in the Miami area.

The pregame ceremonies featured two giant figures, one dressed as a Packers player and the other dressed as a Raiders player. They appeared on opposite ends of the field and then faced each other near the 50-yard line.

During the latter part of the second quarter, and again for three minutes of halftime, almost 80% of the country (with the exceptions of New York City, Cleveland, Philadelphia and much of the Northeast) lost the video feed of the CBS broadcast. CBS, who had paid $2.5 million for broadcast rights, blamed the glitch on a breakdown in AT&Tcable lines. The overnight Arbitron rating was 43.0, a slight increase from Super Bowl I's combined CBS-NBC rating of 42.2.[6]

On Oakland's first offensive play, a sweep, Ray Nitschke shot through a gap and literally upended fullback Hewritt Dixon in what was one of Nitschke's signature plays of his entire career. The hit was so vicious, it prompted Jerry Green, a Detroit News columnist sitting in the press box with fellow journalists, to say in a deadpan, that the game was over.[7] The Packers opened up the scoring with Don Chandler's 39-yard field goal after marching 34 yards on their first drive of the game. Meanwhile, the Raiders were forced to punt on their first two possessions.

The Packers then started their second possession at their own 3-yard line, and in the opening minutes of the second quarter, they drove 84 yards to the Raiders 13-yard line. However, they once again had to settle for a Chandler field goal to take a 6–0 lead. Later in the period, the Packers took the ball on their own 38-yard line following an Oakland punt. Raider cornerback Kent McCloughan jammed Packer split end Boyd Dowler at the line of scrimmage but then allowed him to head downfield, thinking that a safety would pick him up.[8] However, McCloughan and left safety Howie Williams were both influenced by the Packer backs who were executing a "flood" pattern, with halfback Travis Williams and fullback Ben Wilson running pass routes to the same side as Dowler. Dowler ran a quick post and was wide open down the middle. He grabbed Starr's pass well behind middle linebacker Dan Connors, and right safety Rodger Bird could not get over quickly enough. Dowler outran the defense to score, increasing the Packer lead to 13–0.

After being completely dominated until this point, the Raiders offense finally struck back their next possession, advancing 79 yards in 9 plays, and scoring on a 23-yard touchdown pass from Daryle Lamonica to receiver Bill Miller. The score seemed to fire up the Raiders' defense, and they forced the Packers to punt on their next drive. Raiders returner Rodger Bird gave them great field position with a 12-yard return to Green Bay's 40-yard line, but Oakland could only gain 1 yard with their next 3 plays and came up empty when George Blanda's 47-yard field goal attempt fell short of the goal posts. Oakland's defense again forced Green Bay to punt after 3 plays on the ensuing drive, but this time after calling for a fair catch, Bird fumbled punter Donny Anderson's twisting, left footed kick, and Green Bay's Dick Capp recovered the ball. After 2 incomplete passes, Starr threw a 9-yard completion to Dowler to set up Chandler's third field goal from the 43 as time expired in the first half, giving the Packers a 16–7 lead.

At halftime, Packers guard Jerry Kramer said to his teammates (referring to Lombardi), "Let's play the last 30 minutes for the old man."[9]

Any chance the Raiders might have had to make a comeback seemed to completely vanish in the second half. The Packers had the ball three times in the third quarter, and held it for all but two and a half minutes. On the Packers second drive of the half starting at their own 17, Ben Wilson ripped up the middle for 14 yards on a draw play. Anderson picked up 8 yards on a sweep, and Wilson carried to within inches of the first down. Starr then pulled one of his favorite plays on third down and short yardage, faking to Wilson and completing a 35-yard pass to receiver Max McGee who had slipped past three Raiders at the line of scrimmage. This was McGee's only reception of the game, and the final one of his career. Starr then hit Carroll Dale on a sideline route at the Oakland 13. Starr overthrew Donny Anderson wide open in the end zone, but on the next play rolled out to the right and threw back to Anderson who was tackled on the two by linebacker Gus Otto. The next play was a broken play, as Anderson thought he saw daylight to the right but ran into Starr. The Packers were not rattled, and the line and fullback Ben Wilson wiped out the Raiders on Anderson's 2-yard touchdown run over right tackle, making the score 23–7. The Packers increased their lead to 26–7 on their next drive after Chandler kicked his fourth field goal (which hit the crossbar from 40 yards out and bounced over). Early in the fourth quarter, Starr was knocked out of the game when he jammed the thumb on his throwing hand on a sack by Davidson. (Starr was replaced by Zeke Bratkowski, who would be sacked on his only pass attempt.) But later in the period, the Packers put the game completely out of reach when defensive back Herb Adderley intercepted a pass intended for Fred Biletnikoff and returned it 60 yards for a touchdown, making the score 33–7. Oakland did manage to score on their next drive after the turnover with a second 23-yard touchdown pass from Lamonica to Miller, set up by Pete Banaszak's 41-yard reception on the previous play. But all the Raiders' second touchdown did was make the final score look remotely more respectable, 33–14.

At the end of the game, coach Lombardi was carried off the field by his victorious Packers in one of the more memorable images of early Super Bowl history. It would in fact be Lombardi's last game as Packer coach and his ninth consecutive playoff victory.

Oakland's Bill Miller was the top receiver of the game with 5 receptions for 84 yards and 2 touchdowns. Green Bay fullback Ben Wilson was the leading rusher of the game with 62 yards despite missing most of the fourth quarter while looking for a lost contact lens on the sidelines. Don Chandler ended his Packer career in style with 4 field goals. Lamonica finished the game with 15 out of 34 pass completions for 208 yards, 2 touchdowns, and 1 interception. Bart Starr completed 13 of 24 (with a couple of dropped passes) for 202 yards and one touchdown; his passer rating for the game was 96.2 to Lamonica's 71.7. The Packers outgained the Raiders in rushing yardage 160 to 107, led in time of possession by 35:54 to 24:06, had no turnovers, and only one penalty. Packer guard Jerry Kramer later recalled the mental mistakes his team made in the game, which only highlights the impossibly high standards held by Lombardi's team.[10]

The following records were set or tied in Super Bowl II, according to the official NFL.com boxscore[11] and the ProFootball reference.com game summary.[12] Some records have to meet NFL minimum number of attempts to be recognized.[13] The minimums are shown (in parenthesis).

1 – From 1966 to 1969, the first four Super Bowls were "World Championship" games played between two independent professional football leagues, AFL and NFL, and when the league merged in 1970 the Super Bowl became the NFL Championship Game.
2 – Dates in the list denote the season, not the calendar year in which the championship game was played. For instance, Super Bowl XLI was played in 2007, but was the championship for the 2006 season.